By Marisa Wong
Morgantown, W.Va., Aug. 31 – Shanghai Industrial Urban Development Group Ltd. announced its non-wholly owned subsidiary, Shanghai Urban Development (Holdings) Co., Ltd., issued RMB 1.7 billion of domestic corporate bonds on Wednesday.
The six-year bonds were priced with a coupon of 3.9%.
After three years, the issuer may increase the coupon and investors will be able to put the bonds.
Tianfeng Securities Co., Ltd. is the lead underwriter.
Proceeds will be used to repay bank loans and for general working capital.
Shanghai Industrial is based in Hong Kong and has businesses in infrastructure facilities, real estate and consumer products.
| Issuer: | Shanghai Urban Development (Holdings) Co., Ltd.
|
| Issue: | Domestic corporate bonds
|
| Amount: | RMB 1.7 billion
|
| Maturity: | Six years
|
| Underwriter: | Tianfeng Securities Co., Ltd.
|
| Coupon: | 3.9%, may be increased after three years
|
| Put option: | After three years
|
| Settlement date: | Aug. 31
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
